much. we also have developing news out of eastern afghanistan. six members of the u.s. military have been killed along with five civilians after the c-130 transport plane they were in crashed just after midnight afghanistan time. two afghan civilians on the ground also died. six service members made up the crew of the air force plane. the five civilians on board were contractors working with nato. the taliban claimed they shot the plane out of the sky, but u.s. officials say there was no indication of hostile fire. let s go to wall street. stocks are taking a beating this morning after new, disappointing jobs reports. the labor department says 142,000 jobs were added last month. that s well below expectations for around 200,000 more jobs. the unemployment rate remains steady at 5.1%, but that s because more americans stopped looking for work, and they re not included in the jobless rate. let s take a look at the numbers from wall street right now. we re going on a downward slope
we are following new developments from wall street and main street after last hour s new jobs reports. let s take a look at how the stock market is doing right now. things aren t doing that first, let s look at the unemployment number. this is the number that was released this morning. 5.1%. that s how stocks are doing at 47 minutes after the hour. about 220 points down. but the number of jobs added was 133 stoun. that s almost 50,000 below what many economists were expecting. here s a look at the unemployment rate by ethnic group. african-americans, latinos, remain significantly higher than the national average. as we do every friday when the reports come out, jason furman, chairman of the white house council of economic advisers is kind enough to be with me. good to see you. good to see you. let s start with your reaction to the new numbers. how concerned should we be about the number of jobs added? you know, well, i like to
american consumer and we like to parse out its earnings report because we get an idea of what the consumer is thinking and it looks like consumers are out there but they are not out there spending their money in a big way, and it s not just walmart. other stores are seeing the same thing. we saw the same thing with macy s and kohl s and gdp, that s growth in the economy, barely there in the first quarter of this year. april retails sales numbers the worst since 2009 and then from april of this year compare it to april of last year you only see growth and retail sales of .9%, and that s ae atphaeplic. when we look at the jobs reports, especially from over the last several months they have been good and everybody is saying yay, the economy is
narrow. whites and asians doing considerably better than other minority groups. but by and large the economy is doing all right. this number was a little better than expectations. march was revised downward from a gain of 126,000 to 85,000. wage gains were subdue sod not as robust as some would like. ron, thank you. appreciate your time. coming up later in this hour we ll go to the white house to talk with president obama s top economic advisor about these new jobs reports. but we re just getting started on this jam-packed friday edition of the rundown. much more on our top story. breaking news coming out of the justice department less than an hour from now. attorney general loretta lynch is expected to officially launch a federal probe of the baltimore police department. plus from her immigration push to those super pac dollars, hillary clinton s national political director amanda renteria will join me on set in south florida. 29 electoral votes president obama claimed in 2012
break down the numbers. hey brenda. hey shannon. it wouldn t take much to say the jobs reports in march were dismal. but not only were 100,000 fewer jobs created than expected in march but federal payrolls were revised down, as in january, to add the two months together, and the economy added nearly 70,000 fewer jobs than first estimated. now, many people will focus on the unemployment rate to find some positives. as you said, it stayed steady at 5.5%, but that is a very misleading number. it counts only those people who are out of work and say they are actively looking for a job, and excludes the millions who are not in the labor force but they are still unemployed. a more revealing indicator is one you don t hear about often, the employment to population ratio, or ep. it tells us not who isn t working but who is, and its